Global Skincare Devices Market By Product Type (Diagnostic Devices, and Treatment Devices), By End-Use (Hospitals, Clinics, and Other End-Uses), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Skincare Devices Market Overview:

The global skincare devices market was valued at USD 11,862 million in 2021. It is expected to experience a compound annual growth rate of 11.2% between 2023 and 2032.

The high demand for skin care products is due to increasing skin cancer rates and other skin diseases. The adoption of skincare devices is also rising due to the increasing awareness of their aesthetic appeal and technological advances. Market growth is also driven by the rise in disposable income.

Global Skincare Devices Market Scope:

Product Type Analysis

The largest revenue share was held by the treatment devices segment at 78.2% in 2021. It is expected to also witness the highest CAGR during the forecast period. This is due to the wide range of dermatology treatments available.

The high growth of the segment also accounts for the rapid development of new technologies in the laser devices category. Low market share in diagnostic devices may be due to lower awareness of the different instruments. This segment will be driven by the increasing incidence of skin cancer.

The laser segment was the most profitable among all treatment devices in 2021. It is expected to grow the most over the forecast period due to its widespread adoption.

The dermatoscopic section dominated the diagnostic device segment in 2021, owing to its advanced technology. Due to an increase in skin cancer prevalence and increased emphasis on early detection, it is expected that the diagnosis of this disease will see significant growth during the forecast period. Due to their huge benefits, laser hair removal devices accounted for the highest revenue share in 2021.

End-Use Analysis

Hospitals dominated the market, with a 47.7% revenue share in 2021. This was due to the availability of sophisticated skincare equipment in hospitals. The availability of many treatment options in these facilities has led to an increase in skin disease diagnosis and treatment.

Patients are more inclined to seek out specialty dermatology clinics to receive fast and effective treatment. This has resulted in a high growth rate in this clinic segment. The increasing prevalence of skin cancers and melanoma worldwide, as well as the increase in clinics offering services in dermatology, has resulted in a rise in patients who visit dermatology clinics to receive treatment.

Due to the growing demand for skin care-related services, the clinic’s segment will see the greatest CAGR during the forecast period. Dermatology clinics are both cosmetic and medical facilities that specialize in the diagnosis and treatment of skin conditions. Certified plastic surgeons offer both surgical and non-surgical services in dermatology clinics.

Кеу Маrkеt Ѕеgmеntѕ

By Product Type

• Diagnostic Devices
• Dermatoscopes
• Microscopes
• Other Diagnostic Devices
• Treatment Devices
• Light Therapy Devices
• Electrosurgical Equipment
• Other Treatment Devices

By End-Use

• Hospitals
• Clinics
• Other End-Uses

Market Dynamics:

The market for skin care products was significantly affected by the COVID-19 pandemic. Initial market disruptions and lockdowns had adversely affected the market. The market experienced short-term negative growth due to the almost complete suspension of non-COVID-19-related surgeries, the limited operations of manufacturing, and disruptions in the supply chain.

The market for dermatological products has shown a positive trend. The successful rollout in all regions of vaccines has seen a significant increase in the number of dermatological devices. The market saw high demand in 2021 due to the shortage of vaccines in 2020 and the increased interest by people who are interested in dermatological procedures.

Market volatility has been a problem in the last few months. It is expected that the market will return to normal growth by 2023. Due to increasing esthetic awareness, the market for skincare products is growing rapidly. People of all ages are becoming more concerned about their aesthetic appeal.

Complete skin rejuvenation can improve a person’s aesthetic appeal. It has been a long-standing shift away from traditional products to more technologically advanced equipment. This aids in the diagnosis and treatment of various skin conditions as well as improves one’s aesthetic appeal. High demand has resulted from the introduction of non-invasive, technologically advanced laser treatments.

Regional Analysis

North America was the dominant market for skincare devices in 2021, accounting for 43.8% of the total revenue. This market is experiencing significant growth due to skin cancer, and other skin diseases, such as rosacea, eczema, and skin inflammations. Cosmetic procedures are also being increasingly used. According to the CDC, Acne Vertidus affects 80% of Americans at one time in their lives. 22% suffer from severe acne that can cause permanent mental and physical scarring.

The growth in medical tourism will drive significant growth in the Asia Pacific. Market growth will also be driven by the availability of affordable treatments. The region’s growth has been aided by the increasing number of multinational corporations investing in research and development in the area. The regional market is expected to be driven by rising beauty consciousness among both men and women.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

These key companies focus on strategic initiatives like mergers and acquisitions as well as new product development and geographic expansions. Lancer Skincare, a leading Beverly Hills-based skincare brand, teamed up to create The Virtual Lancer Dermatology Shop.

Lancer Skincare’s virtual store will offer customers the benefits of a Lancer dermatology clinic at home through a digitally curated experience that moves in the new digital world. The market leader in skincare devices is:

Маrkеt Кеу Рlауеrѕ:

• Alma Lasers GmbH
• Cynosure, Inc.
• Solta Medical, Inc.
• Cutera, Inc.
• Syneron Medical Ltd.
• Canfield Scientific, Inc.
• 3Gen
• Aesthetic Group
• Ambicare Health
• Image Derm, Inc.
• Other Key Players

For the Skincare Devices Market research study, the following years have been considered to estimate the market size: